Common use of Preservation of Title Clause in Contracts

Preservation of Title. Newco acknowledges that BioVeris shall retain full ownership and title to the intellectual property rights it licenses to Newco hereunder and that Newco has no rights in or to such intellectual property rights other than the express license rights specifically confirmed herein. Neither Newco nor any of Newco’s employees or Affiliates, or any of their respective employees, have rights under this Agreement to practice or use the Licensed ECL Technology, except as expressly permitted by this Agreement. BioVeris shall have no obligation (a) to exercise efforts to create any Licensed ECL Technology, whether or not incorporated in a patent, (b) to patent or otherwise protect any intellectual property developed, discovered, invented or acquired, whether before or after the Effective Time, (c) to disclose subsequent to the Effective Time any information regarding Licensed ECL Technology to Newco or (d) to maintain any ECL Patent Rights or to refrain from abandoning any ECL Patent Rights.